GBPEUR Rejected by 1.17 Price Level Again

GBP quarterly Consumer Price Index (inflation) data gives strength for sterling! (Dayle Littlejohn)

Mark Carney speech at 10.30am today gave further strength for Sterling, as he announced the UK are not following in the footsteps of the Eurozone and falling into deflation. This is good news for sterling as the quarterly inflation report is a vital piece of economic data which can have a big impact on the UK within the currency markets. However its not all good news for GBP as the UK have their general election in the upcoming months. A general election tends to...
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

Reasons to sell Sterling at the moment (Tom Holian)

Sterling Euro exchange rates have tumbled since December with rates to buy Euros now as much as 16 cents lower. This is a huge amount of difference when it comes to sending money to Europe or when buying a property abroad during this time. Many individuals have seen the benefit of buying a Forward Contract which allows you to fix an exchange rate for a future date. This removes the uncertainty and lets you budget accordingly without having any nasty surprises. With the Brexit still looming, the...
GBPEUR Rejected by 1.17 Price Level Again

The pound to euro rate dips

The pound to Euro rate has dipped slightly in the last few hours due to Mario Draghi, the European Central Bank President making a statement that sterlisation will remain and the Eurozone is an 'Island of Stability'. Commenting on how the Eurozone has low growth and high Unemployment Mario Draghi talked about how despite these issues, the Eurozone was safe and that there had been subtle improvements in conditions which meant any change in policy was at this stage unwarranted. Looking forward the ECB see...
GBPEUR Rejected by 1.17 Price Level Again

Will GBPEUR rise or fall this week?

This week is a very important week for the pound and euro rate with the market learning of firmer news regarding the EU Summit and impact on sterling in particular. The expectation is that the pound will rise if there is news that David Cameron has had some success in his plans to renegotiate the UK's relationship with the EU. Currently there is very little known and there is a high expectation of GBP weakness in general from the Referendum, although this is clearly...

Exchange Rate Forecast – Time to BUY EUROS? Andrew Bromley

GBP EUR rates have fluctuated hugely today on two key news items. Firstly the UK Inflation data released this morning showed a mixed bag of results, with May's improvement being the key point focussed on. It is understood that a strong return form the transport industry has helped the recovery. The Bank of England had expected figures to move away from 'Deflation' before the end of the year, however this improvement is perhaps even better than hoped for. Secondly (and more currently) the Greek bailout talks seem to have stuttered. EU...
Pound to Dollar Rate Pushed Higher by Falling Covid Cases and Weak Dollar

Euro Zone unemployment and inflation figures tomorrow. Will the pound end the week on...

Sterlings fortunes have turned round this afternoon following a poor start to the day. Following some better Euro Zone consumer confidence figures the Euro pushed though 1.21, reaching a low of 1.2093. At the time of writing levels have pushed back above 1.2170 just a cent below the one year high of last week. To finish off the week for GBP/EUR Friday is relatively quiet day from the pounds point of view but watch out for inflation figures from Europe at 10:00 along with unemployment data. Unemployment...
GBP EUR Drops After GDP Misses BoE’s 5% Target

Tomorrow’s unemployment figures and inflation report could lend more support to the pound (Mike...

Sterling recovered from a slight knock this morning and pushed through 1.2290 at the days high. With tomorrow's UK unemployment figures expected to show a slight decline could this be the trigger to push the pound through the 1.23 level? Figures are released at 09:30. At the same time watch out for the Bank of England inflation report also at 09:30 and speech from Mark Carney. Looking at data from Europe and watch out for Euro Zone industrial production figures at 10:00. Forecast to show...
GBPEUR Gains After Weaker German Retail Sales

GBPEUR levels climb

Today rates have climbed to a near fresh 4 week high against the single currency.  Rates are however on their way back down I think. We have the big ECB decision later in this week and after a 4 cents climb over the last week I can honestly say that I think that the current levels and form for the GBPEUR pairing is a short term opportunity rather than a long term trend.  It again shows that rates never move in a straight line...
GBPEUR Rejected by 1.17 Price Level Again

GBP EUR Exchange Rates Ahead of Vote on Queens Speech (James Lovick)

The pound is on the up against the Euro after Bank of England Governor Mark Carney stated yesterday at the ECB Forum in Sintra, Portugal that “some removal of monetary stimulus may become necessary”. This was a bold statement from and it would suggest that we could see a shift in policy as soon as the August meeting. We could be talking about a 0.25% interest rate increase which should help drive the pound higher if we are at a key turning point. Clients...
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

GBP/EUR What factors will effect my Trade? (Daniel Johnson)

Brexit The very brief exit bill that was presented to the House of Commons by Theresa May has now been passed and has now been handed to the House of Lords. Personally, I do not think there will be any serious resistance to the bill going through the House of Lords although there are some key topics to be discussed. There will be two days of debate commencing on 20th February. I have listed the the most probable amendments to the bill below. Parliament must...